BEGEGO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
BEGEGO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€64,930
2024 · -€210,324+€145,395
Equity
€2.4m
2024 · €2.5m-€64,930
Cash
€4,181
2024 · €6,255-€2,075
Balance sheet total
€2.8m
2024 · €2.8m-€35,505
Largest movements
Assets
- Tangible fixed assets -€41,005
down €41,005 (-2.4%), from €1.7m to €1.7m
of which Land and buildings: -€33,169
Equity and liabilities
- Reserves -€64,930
down €64,930 (-2.7%), from €2.4m to €2.4m
of which Distributable reserves: -€63,629
- Other debts +€64,293
up €64,293 (+24.1%), from €266,435 to €330,728
Income statement
- Gross operating margin +€144,720
up €144,720, from -€120,775 to €23,944
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€210,324
Gross operating margin
+€144,720
Depreciation
+€1,040
Other operating charges
-€314
Financial charges
-€51
Result 2025
-€64,930
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€65,367
Investment
-€35,849
Financing
-€31,592
Cash 2024
€6,255
From operations (derived)
+€65,367
Net result for the year
-€64,930
Depreciation
+€76,855
Receivables within one year
-€7,575
Provisions
-€325
Trade debts
-€2,951
Other debts
+€64,293
Investment (derived)
-€35,849
Investment in fixed assets (net)
-€35,849
Financing
-€31,592
Debts after one year
-€18,651
Current portion of long-term debt
-€12,941
Cash 2025
€4,181
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,823,971 | €2,788,466 | -€35,505 | -1.3% |
| Fixed assets | 21/28 | €1,725,453 | €1,684,448 | -€41,005 | -2.4% |
| Tangible fixed assets | 22/27 | €1,725,453 | €1,684,448 | -€41,005 | -2.4% |
| Land and buildings | 22 | €1,703,065 | €1,669,896 | -€33,169 | -1.9% |
| Plant, machinery and equipment | 23 | €10,722 | €8,516 | -€2,206 | -20.6% |
| Furniture and vehicles | 24 | €11,666 | €6,035 | -€5,631 | -48.3% |
| Current assets | 29/58 | €1,098,517 | €1,104,018 | +€5,500 | +0.5% |
| Amounts receivable within one year | 40/41 | €1,092,262 | €1,099,837 | +€7,575 | +0.7% |
| Trade receivables | 40 | - | €3,075 | +€3,075 | |
| Other amounts receivable | 41 | €1,092,262 | €1,096,762 | +€4,500 | +0.4% |
| Cash at bank and in hand | 54/58 | €6,255 | €4,181 | -€2,075 | -33.2% |
| Total equity and liabilities | 10/49 | €2,823,971 | €2,788,466 | -€35,505 | -1.3% |
| Equity | 10/15 | €2,498,000 | €2,433,071 | -€64,930 | -2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,436,000 | €2,371,071 | -€64,930 | -2.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,410 | €9,109 | -€1,301 | -12.5% |
| Distributable reserves | 133 | €2,419,391 | €2,355,762 | -€63,629 | -2.6% |
| Provisions and deferred taxes | 16 | €2,602 | €2,277 | -€325 | -12.5% |
| Deferred taxes | 168 | €2,602 | €2,277 | -€325 | -12.5% |
| Amounts payable | 17/49 | €323,368 | €353,118 | +€29,750 | +9.2% |
| Amounts payable after more than one year | 17 | €18,651 | €0 | -€18,651 | -100.0% |
| Financial debts | 170/4 | €18,651 | €0 | -€18,651 | -100.0% |
| Amounts payable within one year | 42/48 | €304,717 | €353,118 | +€48,401 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €34,244 | €21,304 | -€12,941 | -37.8% |
| Trade debts | 44 | €4,037 | €1,086 | -€2,951 | -73.1% |
| Suppliers | 440/4 | €4,037 | €1,086 | -€2,951 | -73.1% |
| Other amounts payable | 47/48 | €266,435 | €330,728 | +€64,293 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,894 | €76,855 | -€1,040 | -1.3% |
| Other operating charges | 640/8 | €10,053 | €10,367 | +€314 | +3.1% |
| Gross operating margin | 9900 | -€120,775 | €23,944 | +€144,720 | |
| Operating profit (loss) | 9901 | -€208,723 | -€63,277 | +€145,445 | +69.7% |
| Financial charges | 65/66B | €1,927 | €1,977 | +€51 | +2.6% |
| Recurring financial charges | 65 | €1,927 | €1,977 | +€51 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€210,649 | -€65,255 | +€145,395 | +69.0% |
| Transfer from deferred taxes | 780 | €325 | €325 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€210,324 | -€64,930 | +€145,395 | +69.1% |
| Transfer from tax-exempt reserves | 789 | €1,301 | €1,301 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€209,024 | -€63,629 | +€145,395 | +69.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.